The government of South Korea has issued details of an MoU signed this week with the Uzbekistan government to jointly set up and operate the first ever PV plant in Uzbekistan.
The Uzbek project is estimated to be worth at least $300 million, and will be 100 MW in capacity once complete. Uzbekistan has also released ambitious plans to install 4 GW of solar PV capacity by 2030 an initiative that will require an estimated $11 billion investment.
For now, however, the South Korean government has pledged to help the country set the ball rolling on what will be its inaugural PV project, planned for Samarqand Province, home to the second-largest city in Uzbekistan, Samarkand.
"The MoU for cooperation in the development of solar energy is expected to help strengthen the strategic relationship between South Korea and Uzbekistan while also creating a favourable environment for South Korean firms to take part in Uzbekistans solar energy market," read a press statement issued by Uzbekistans Ministry of Trade, Industry and Energy.
The Samarkand Solar Power Project will be constructed by state-owned engineering company Uzbekenergo, and will be funded to the tune of $110 million from the Asian Development Bank, with Uzbekistans energy ministry providing a further $200 million for the project. Completion is expected by March 2019.
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